Home Health Hubs Global Strategic Business Report 2024: Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth of Home Health Hub Market

DUBLIN, March 29, 2024 /PRNewswire/ — The “Home Health Hubs – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.

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The global market for Home Health Hubs estimated at US$1 Billion in the year 2023, is projected to reach a revised size of US$7.9 Billion by 2030, growing at a CAGR of 28.9% over the analysis period 2023-2030.

Standalone Hubs, one of the segments analyzed in the report, is projected to record 27.2% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Mobile Hub segment is estimated at 31.9% CAGR for the next 8-year period.

The Home Health Hubs market in the U.S. is estimated at US$535 Million in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$849.2 Million by the year 2030 trailing a CAGR of 33.9% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.2% and 27.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 25.2% CAGR.

Market Trends & Drivers

  • Home Health Hubs and Smart Homes Facilitate Continued Care Co-ordination between Primary Healthcare Systems and ACSs
  • Increased Emphasis on Remote Patient Monitoring Creates Fertile Environment for Growth of Home Health Hub Market
  • Rise of Healthcare IOT Further Augments Remote Patient Monitoring
  • Remote Patient Monitoring Seeks Role in Healthcare Big Data Programs
  • Patient Non-Adherence to Prescribed Medication Promotes Market Growth
  • Shortage of Healthcare Professionals & Need to Reduce Healthcare Costs Puts Spotlight on Home Health Hubs
  • Rapidly Evolving Role of Home Telehealth Instigates Broad-based Opportunities
  • Advent of Sophisticated Healthcare IT Tools Pave Wavy for Wider Use
  • Growing Lenience towards Value-Based, Patient-Centric Care and Outcomes Augurs Well
  • High Tech Sensors & Wearable Med Tech Innovations Amplify Capabilities of Home Health Hub
  • Focus on Reducing Hospital Readmissions Provides Impetus to Home Health Hub Solutions
  • Smart Homes as Portals for Healthcare Delivery Help Expand the Addressable Opportunity for Home Health Hub Products & Services
  • Home Health Hub: A Boon for Immobile Patients
  • Rising Population of Aged People and their Vulnerability to Chronic Diseases: Strong Business Case
  • Expanding Middle Class Population Supports Growth in Developing Regions
  • Internet Connectivity and Expanding Penetration Rate Influences Demand for Home Health Hubs
  • Issues & Challenges
  • Security & Privacy Concerns
  • Lack of Awareness & Availability
  • Reimbursement Issues in the US

The report covers 53 key competitors in the industry. A selection of featured companies include:

  • Cisco Systems
  • Abbott Laboratories
  • Honeywell International
  • Boston Scientific
  • GE Healthcare
  • Koninklijke Philips
  • Cambridge Consultants
  • AMC Health
  • Connect America
  • Lamprey Networks
  • Encompass Health Corporation
  • Capsule Technologies
  • Medisante Group
  • Apple Home Healthcare
  • BAYADA Home Health Care

Key Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

Key Topics Covered:



I. METHODOLOGY



II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • An Introduction to Home Health Hub
  • Home Health Hub: Current Market Scenario and Outlook
  • While Developed Regions Remain Primary Revenue Contributors, Developing Regions Emerge as Hot Spots for Future Growth
  • World Home Health Hub Market: Percentage Breakdown of Revenues for Developed and Developing Regions for the Years 2021 & 2027
  • World Home Health Hub Market – Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: China, Asia-Pacific, USA, Latin America, Canada, Middle East, Africa, Europe, and Japan
  • Standalone Hubs Constitutes the Largest Product Segment
  • Global Home Health Hub Market Share Breakdown by Product & Service: 2021 Vs. 2027
  • Bright Prospects Ahead for Mobile Hubs
  • High-Acuity Patient Monitoring Steers Home Health Hub Deployments
  • Hospitals: Largest End-Use Market
  • Home Health Hubs – Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • GLOBAL MARKET OUTLOOK
  • Healthcare Hubs in the Post-Covid Era
  • Shifting Care into Homes Results in Better Symptom Improvement for COVID-19 Patients
  • Coronavirus Pandemic Poses Challenges for Home Healthcare Workers
  • Telehealth Holds Potential to Offer Significant Benefits
  • Teleworking Spurs Home Fitness Trend
  • Recent Market Activity
  • Recent Initiatives in the Home Health Hub Market Space
  • 2021: Google Adds Sleep Tracking Feature to Nest Hub
  • 2020: Elsevier Introduces Covid-19 Healthcare Hub
  • Omcare Launches Home Health Hub
  • The Durham College AI Hub Partners with iCare Home Health for Advancing Home Care
  • 2021: Home Health Hub of CVS Health

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • United States
  • Canada
  • Japan
  • China
  • Europe
  • France
  • Germany
  • Italy
  • United Kingdom
  • Spain
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East
  • Iran
  • Israel
  • Saudi Arabia
  • United Arab Emirates
  • Rest of Middle East
  • Africa

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/96j1ef

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